Telecommunications is the backbone of every single form of voice and data communication,which includes, but not limited to the internet, voice communication and broadcasting. Cellulartelecommunication is the one of the largest industry in the world having the capacity togenerate 6 Trillion Dollars in revenue annually. The mere existence of internet depends ontelecommunication sector. Without it, all connectivity done through internet whether in theform of voice data, fixed communication, or broadcasting would not exit.Mobile telecommunications, which were regarded as a luxury only two decades ago, are nowubiquitous, and vitally important to individuals, to communities, to businesses, and to the widereconomy. Research suggests that there are more than 2000 telecom active operators in worldeliminating bridges and distances between people by communicating them in the form of dataor voice connectivity. According to stastica.com, For 2017 the number of mobile phone users isforecast to reach 4.77 billion. The number of mobile phone users in the world is expected topass the five billion mark by 2019. In 2016, an estimated 62.9 percent of the populationworldwide already owned a mobile phone.However, people are no longer simply making calls and sending texts: mobile is fast becomingthe Internet access medium of choice, fueled by the growth of smartphones, tablets, and laptopand dongle. According to recent research carried out by YouGov, well over half (58%) themobile phones in the UK are smartphones, allowing internet access; one in five (20%) adultsnow has a tablet computer; and one in ten (11%) has a dongle to access the Internet via atraditional PC.

PROBLEMS

With substantial growth of this nature, Telecom industry is facing some problems of gravenature. Problems such as packages that perform overcharging of customers, data privacybreaches and security issues, speed issues and high cost charges of using the service.

SOLUTION: THE BLOCK SIM

We present BLOCK SIM—A decentralized payment gateway for existing telecom networks—that aims to resolve the problems associated with traditional telecommunication by deployingit on Blockchain.Our research suggests that, as opposed to a controlled, centralized telecommunication systemlike the traditional networks being operated globally, a decentralized approach would providebetter security, privacy, lower charges and seamless communication from an end-userperspective. Thus, adding blockchain into this equation must offer some measurable andquantifiable benefits to current operations as well as towards the enablement of future In terms of statistics, our research suggests that a sum of over $135 billion is annually spent onmobile voice/data services. In addition, advertisers spent $122 billion on mobile digitaladvertising in 2017 and this amount is projected to reach $332 billion by 2021.Considering the potential of this industry in general and the revenue generated by digitaladvertisements in particular, BLOCK SIM will build a digital and financial ecosystem for thefuture. This ecosystem will aim to completely eliminate monthly fees to users. Furthermore, itwill also be rewarding the BLOCK SIM holder rewards up to $100 per month as a reward forusing the BLOCK SIM. In BLOCK SIM ecosystem, we aim to replace the currently generatedrevenue from user’s monthly voice or data service by revenue from digital advertising, enablingusers to get unlimited voice and data service on their existing networks, and giving the endusers the true share they deserve in from the digital advertisement.As per research by statistica.com, revenues generated from digital mobile ads per user areforecasted to be more than 235% of mobile monthly fee revenues by 2021. This will allowBLOCK SIM and its COIN holders to earn more in SIM Tokens than what they would currentlypay in monthly mobile service fees, and also get rewards upto 100 USD.Furthermore, this model of communicational networking would also offer more affordable andflexible packages tailored specifically to the needs of the customer. We also believe thatdeployment of Telecom Industry on Blockchain technology would allow users to establishsecure and efficient communication at reduced costs without having to worry about the data orprivacy being breached by any third party.

MISSION

BLOCK SIM aims to resolve all the problems associated with traditional telecommunicationnetworking by offering BLOCK SIM cards which allows unlimited data and voice connectivityfrom the revenue generated through digital advertisements. We strive to enable seamlessdistribution of information by developing new revenue channels and eliminating the role ofintermediary from the process when people are being connected through tele communicationalnetworking.

a nice project I see if the project has a large allocation and much profit in on this project. Hopefully, this project can develop rapidly and increased participation of participants who joined in this project and a lot of investors who are interested in this project.